Summary of the futures market. LME3 aluminum futures shock downward, opening at $1625, early recovery, short on touch top $1628, after a long positions, short absolute upper hand, Aaron aluminum diving low investment, the afternoon once fell to $1614, the city end closed at $1617, down $8.
Shanghai aluminum main 1609 contract high low, overnight open to 12240 yuan, after opening a small boost to the highest price of 12260 yuan, after the long-term average to form multiple resistance, strong breakthrough once fell to the lowest 12010 yuan, close to 12000 yuan, 12050 yuan, down 125 yuan, or 1.
Holdings increased by 21868 to 18308 hand, volume of 108294.
Spot market overview:
today Shanghai metal extraction solution trading center spot aluminum quotation in 12520 - in the morning
12560 yuan/ton, compared with the previous trading day down 20 yuan/tons, in b110 - liter discount
B150, with unchanged.
Shanghai metal trading center spot extraction solution aluminum index in 12537.
45 points, the previous trading day down 20 points.
Poor overall clinch a deal, today morning supply is less, the shipper's price to sell, as the aluminum futures falling, the shipper is slightly lower prices, but unpopular, trade huang will poor goods, clinch a deal the even in the afternoon, the downstream enterprises expect prices to fall further, wait-and-see mood rise, maintain a cautious attitude.
Center point 】
on Tuesday, the s&p 500 index hit a the biggest drop since Britain withdrew the referendum, the dow hit a seven Yin, for the longest days to shut down this year.
Oil prices fell 22% since June 22, marks into the bear market, technical renewed market worries about global economic growth, Japan's fiscal stimulus package details not as good as expected, the new budget spending just seven.
5 trillion yen, Australia the fed cut interest rates by 25 basis points, to a record low.
In June and the personal consumption expenditures, strong core PCE year-on-year growth remain high, the dollar rebounded, metal extraction solution under pressure.
Since the beginning of this season, the downstream demand continues to remain low, but in the short term aluminum maintain tight supply, maintain low inventory, on aluminum ingots hasn't arrived, the aluminum prices play a supporting role.
Main technical level, the Shanghai aluminum MACD broaden Yin line, but there is still a support, at the bottom of the downward space is limited, Aaron aluminum confined in the 40 - day moving average, but the support in 20 daily average lines, short-term price range.